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Troy D. Sivak, MAI, MRICS


The George Washington University
Masters of Business Administration
Major: Finance

The University of Connecticut
Bachelor of Science
Major: Real Estate and Urban Economic Studies

Professional Experience

Appraisal assignments have included major office buildings, multi-family residential, regional shopping centers, industrial facilities, warehouses, hotels, subdivision land, data centers, golf courses, and complex mixed-use valuations. Collateral experience includes transaction advisory, acquisition and financing due diligence, land use and marketability studies, appraisal review and concurrence, and project financial feasibility.

Professional History

New Market Real Estate Group
Real Estate Valuation and Consulting
Executive Vice President
Reston, Virginia

AFL-CIO Housing Investment Trust
Investment Officer
Washington, DC

Standard & Poor’s
Corporate Value Consulting
Arlington, Virginia

Arthur Andersen LLP
Real Estate Valuation/Consulting
Vienna, Virginia

Peter F. Korpacz & Associates, Inc.
Real Estate Appraisers & Counselors
Frederick, Maryland

Professional Memberships

Member, Appraisal Institute (MAI)
Member, Urban Land Institute
Professional Member, Royal Institution of Chartered Surveyors (MRICS)


Certified General Real Estate Appraiser in Maryland, Washington, DC, Virginia, Georgia, North Carolina, Tennessee, and Pennsylvania; temporary permits acquired in other states when required.

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